Dec 5, 2012 6:00am PST
, december 5th, 2012. welcome to "cbs this morning." president obama comes out swinging over the fiscal cliff fight saying republicans are out of balance. >>> this year's flu virus is causing major problems.
Dec 4, 2012 6:00am PST
to $1 billion a day and it could delay shipments of holiday gift merchandise. >>> president obama will host a group of governors today to talk about the upcoming "fiscal cliff." this is after they rejected a count proposal from congressional republicans. that plan promises to trim $2.2 trillion over 10 years and includes $900 billion in entitlement cuts, two-thirds of that from healthcare. it also offers $800 billion in new tax revenues but only if the money comes from tax reform and not from raising rates on the wealthy. and that's where the stalemate is stuck. >>> rates have to rise and republicans need to acknowledge that. that's the only way to get from here to there. >> the white house says the plans fails the balance test. tax hikes and spending cuts will automatically kick in on 1/1. >>> in your world, fighting has escalated in damascus. this comes after president obama issued a warning to president assad and his government not to use any chemical weapons. secretary of state hillary clinton says if assad goes down that road, there will be consequences. >> suffice to say we
Nov 30, 2012 6:00am PST
if their appeal fails it would go against the will of the california voters. >>> president obama hopes to generate support for his plan to avoid the "fiscal cliff" during an appearance today at a pennsylvania toy factory. on capitol hill, treasury secretary timothy geithner pitched the president's plan to congress yesterday. it includes 1.6 trillion in new tax revenue and $400 billion in cuts to entitlement programs but it doesn't look like geithner's visit did much good. >> the democrats have yet to get serious about real spending cuts. >> we are waiting for some specifics, somewhere, from our republican colleagues to show that they are serious on negotiations. >> if a compromise is not reached by year's end, automatic tax hikes and across- the-board budget cuts would take effect. >>> 6:09 on your friday now. the car of the year is going up in price. plus, could this be the mystery multimillionaire? take a look. new video of the possible winner of the record powerball jackpot. >> and a messy morning out there. we're on the stormwatch as we go to break with a look at our hi-def doppler all covered
Dec 6, 2012 6:00am PST
. a phone call between president obama and house speaker john boehner may be a positive sign in all of this "fiscal cliff" drama, they spoke yesterday raising hopes that formal talks will resume on how to to avoid across-the-board spending cuts and tax increases. we have been saying this for weeks. they will kick in if a budget agreement is not reached by year's end. >>> a number of state lawmakers had their cars fixed and you paid for it. lawmakers lost the perk of a free car about a year ago at least 37 of them deciding to buy the cars. that was an option. they have been using them when the state sold them. first they had all the cars repaired and maintained at state expense. $78,000 worth of work. >> as a taxpayer, you know, it's my money going to it so it's frustrating. >> doesn't sound fair. we work really hard for our money. >> we do. but a source in the legislature says the work was worth it. the state got more money when it sold the cars that were not bought by the lawmakers but had the repairs done. they got more money for those cars. so i guess it evens out. >>> same-sex m